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Tech stocks: Earnings lift BlackBerry shares

Shares of BlackBerry soared briefly in pre-market trading Friday after the smartphone maker reported another quarter of fiscal losses. BlackBerry's stock surged 7% early before slowing. It's now up 3%. The

Shares of BlackBerry soared briefly in pre-market trading Friday after the smartphone maker reported another quarter of fiscal losses.

BlackBerry's stock surged 7% early before slowing. It's now up 3%. The company said it lost $423 million off revenue of $976 million, the first time the smartphone maker reported revenue under $1 billion since 2007.

BlackBerry's struggles stem from a failed attempt to entice smartphone makers with its line of devices running the more modern BlackBerry 10 operating system.

The poor sales prompted a management reshuffling, including hiring a new CEO in John Chen, who has focused less on devices and more on services such as the company's BlackBerry Messenger.

Meanwhile, Amazon shares are up slightly after the company denied reports it will offer a free streaming media service.

The Wall Street Journal reported Amazon was working on an ad-supported streaming media service to allow users to watch licensed programs and original shows. The company's Instant Video service is currently available to subscribers of Amazon Prime.

Amazon dismissed the report. "We're often experimenting with new things, but we have no plans to offer a free streaming media service," said the company in a statement.